Auto Significant Price Levels for ThinkorSwim

I added your hg code to the script I did in your link and replaced volp's reference with hg. See if this helps.

@SleepyZ ... much thanks! I took what you did and applied it (separately) to all of the important lines that I track. This is now perfect for me. I'm sharing it back with hopes that it might help you or anyone else.

Note: 1. The chart is fat with indicators now. 5 or 6 as I recall. And can become fatter still if other things (moving averages, vwaps, etc.) are added. 2. Also note that the current day's lines are always thick with a weight of 3 and the extensions are always thin with a weight of 1.

Here is the chart link with all of the indicators inside: https://tos.mx/Nx3MGrR

This provided 5 perfect scalp trades today!! 1.) First touch off of half gap 2.) reversal when price went back up to the RTH open 3.) the next touch and bounce at half gap 4.) after price dropped below half gap and then went back to it and reversed down (VX confirmed that a short could be taken there) 5.) and a sweet bounce off of yesterday's high.



@rlohmeyer
@diazlaz
 

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@SleepyZ ... much thanks! I took what you did and applied it (separately) to all of the important lines that I track. This is now perfect for me. I'm sharing it back with hopes that it might help you or anyone else.

Note: 1. The chart is fat with indicators now. 5 or 6 as I recall. And can become fatter still if other things (moving averages, vwaps, etc.) are added. 2. Also note that the current day's lines are always thick with a weight of 3 and the extensions are always thin with a weight of 1.

Here is the chart link with all of the indicators inside: https://tos.mx/Nx3MGrR

This provided 5 perfect scalp trades today!! 1.) First touch off of half gap 2.) reversal when price went back up to the RTH open 3.) the next touch and bounce at half gap 4.) after price dropped below half gap and then went back to it and reversed down (VX confirmed that a short could be taken there) 5.) and a sweet bounce off of yesterday's high.



@rlohmeyer
@diazlaz


Does anyone have any thoughts on how we can eliminate all VERTICAL lines?





@SleepyZ , @rlohmeyer , @diazlaz
 
Done. Here's an updated chart link for anyone who is interested: http://tos.mx/XVQQoUk

Note the bounces at 12:40 central time. Perfection with ES off of yesterday's high, SPY off of the premarket low, NQ & QQQ off of their respective half gaps and VX off of the low from 2 days prior. What confluence!


.
@SleepyZ , @rlohmeyer , @diazlaz

Oops... sorry to flood this thread, but the code is not right when it comes to the index (SPY, QQQ, IWM, etc.). At this point it is only correct for the respective futures (ES, NQ, RTY, etc.) . I'll figure it out and correct it and post results back here when I have them.

The issues have to do with when the index opens and closes vs. when the future opens & closes.
 
Last edited:
@SleepyZ ... much thanks! I took what you did and applied it (separately) to all of the important lines that I track. This is now perfect for me. I'm sharing it back with hopes that it might help you or anyone else.

Note: 1. The chart is fat with indicators now. 5 or 6 as I recall. And can become fatter still if other things (moving averages, vwaps, etc.) are added. 2. Also note that the current day's lines are always thick with a weight of 3 and the extensions are always thin with a weight of 1.

Here is the chart link with all of the indicators inside: https://tos.mx/Nx3MGrR

This provided 5 perfect scalp trades today!! 1.) First touch off of half gap 2.) reversal when price went back up to the RTH open 3.) the next touch and bounce at half gap 4.) after price dropped below half gap and then went back to it and reversed down (VX confirmed that a short could be taken there) 5.) and a sweet bounce off of yesterday's high.



@rlohmeyer
@diazlaz
Very Nice @RickK
 
I am sorry I do not understand your question. The chart you posted as an illustration is a 30 minute chart. The grid has to be setup based on it's usefulness relative to the time frame you are considering. For example, on daily chart for spy I would setup the Increment as 5 and the Major as 10.
On a 5 minute chart I would set it with the Increment at 1 and the Major at 5. The grid is only useful if you consider certain price levels to be INHERENTLY useful.

You can see what I am referring to in post 124 where the chart is setup with the Increment at 1 and the Major at 5 (in magenta). Those levels acted as support and resistance in real time price action.

Regards,
Bob
Can you please share the volume indicator you have? One that shows both the selling and buying pressure?
 
@mr_nicegy
Below the image from today showing the indicator on 5 min chart of the spy. The link id below to the code.

Indicator adapted from @horserider indicator and added inputs to allow a begin and end time for showing the volume bars so as to take out the first bar and last bar and give perspective on the meat of one days trading volume.
5riWMNy.jpg


http://tos.mx/fmrd8xT

Regards,
Bob
 
@RickK

Here is simple code to extend any line into the future from a specific starting date. It gives you 2 inputs for the date and the price you want to extend. Duplicate the code and rename each plotted average for the type of line you are extending. Below is an image of yesterdays Open Price on the 5 minute Spy chart extended into today and all future days until you don't need it anymore.

Code:
input BeginDate = 20230328;
input price = 397.05;
plot AVG =  if DaysFromDate(BeginDate) >= 0
   then MovingAverage(averageType.SIMPLE, price, 1)
   else double.nan;

i0ZXxGn.jpg
What are those lines you have can i get the study for it?
 
What are those lines you have can i get the study for it?

Please refer to Post #1 for the most recent chart/grid set-up I use to trade SPY---all the indicators can be used on other index instruments, such as futures, if modified for those instruments. The download link is there also.

Regards,
Bob
 

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